Residential Land for Sale in Foley, Alabama

This 2.95 acre Creekside lot is currently part of a 10-acre parcel (MLS #391155) listed for $825,000, a BUILDER or INCOME PRODUCING OPPORTUNITY recently rezoned to RSF-1 (min lot size of 30,000)! The entire property has mature trees and a quaint "UNNAMED" Creek meandering across the entire north end into the head waters of Bon Secour River adding privacy, beauty and tranquility, rarely found with acreage in this sought after area. However, the water is not navigable at this location. The attached proposed plat map locates the creek and wetlands, showing approx. 90% of the land is dry and mostly buildable. Public utilities (water, ele & sewer) are at the street. Preliminary approval of the subdivision is in hand, pending modifications to the existing culvert and driveway estimated to be completed by March 10, 2026. Lot #2, MLS #391153 has a 4" well and newer pump. Adjacent lot #3 is 3.84 acres (MLS# 391150), listed at $515,000 and includes (2) Doublewides, each 4bdrms / 2 bths, 2018 models, rented long-term with a combined annual cashflow of $43,500 and minimal operating expenses. *RENTS have not recently increased. Home #1 on Lot #3 (situated N-to-S), the tenants have rented without issue for 4 1/2 yrs and home #2 (situated E-to-W) tenants have rented for 1 1/2 yrs. The 4" well (likely suitable for 8+ homes) currently provides drinking water to the two existing homes. There is access by deeded easement from lot #2 to lots #1 & #3. Individual offers or circumstances may influence whether a shared water agreement is necessary and should be addressed in all offers. Posted taxes are for the 10 Acre parcel. Buyers agree to participate in sellers 1031 exchange at seller's expense.PLEASE DO NOT APPROACH THE HOMES OR PROPERTY W/O LISTING AGENT PRESENT! TENANTS SHOULD NOT BE DISTURBED. Agent Owned. Buyer to verify all information during due diligence.